Developing Strategic Management and Leadership Skills

This presentation discusses the link between strategic management and leadership, current leadership requirements, and future leadership plans for Nexus. It also provides a plan for developing leadership skills and the usefulness of leadership development methods. The presentation emphasizes the importance of authoritative leadership style for Nexus.

Developing Strategic
Management and Leadership
Skills

INTRODUCTION
Strategic management is the initiating planning,
analysing, assessing and monitoring of business
activities.Leadership refers to the art of getting work
done from subordinates or colleagues in a
company.It can be termed that it is an action taken
by a person who is known as the leader of a
respective group.

1.1 Explain the link between strategic management
and leadership
 Strategic management refers formulated and creation of strategies in the
organization. It is vital for an organization to create strategies to achieve the
goals and objectives of the organization (Simons, 2013).
 In order to formulate strategies the firm requires assistance of a leadership
style or theory. Leadership style are used by a leader who tried to implement
strategic change in the organisation.
 It is the leader who is responsible to achieve the targets created by the top
level management. On the other hand management of a company is done
by the human resources. It can be said that it is the ability of the leader to
bring development and growth in the organisation.

Contd..
 Leader will initiate those actions that have to be taken by the employees in
order to meet with the deadline of the strategy. He/she will motivate and
guide the employees so they can feel attached with the work culture of the
company. New strategy can only be created when the firm is bale to meet
with the deadlines of the old strategies.
 The leader will make sure to enhance employee participation so that they
can adapt themselves with the changing environment (Kapferer, 2012).
 This is because while implementing strategic options in the organisation,
there are many changes that comes along with the same. The employees
and staff must be confident enough to understand and achieve the targets
set by the top level management.

3.1 Review current leadership requirements in
Nexus
Swot anlaysis
Strengths-
 Superior growth rate
 Reduced cost of labour
 reasonable revenue and profitability (Frohlich and
Oppenheimer, 2015)

Contd..
Weakness-
 Low market share as compared to competitors
 Low productivity

Contd..
Opportunities-
 Available sources to raise capital
 To increase demand of products
 To raise productivity
 Acquire new acquisition

Contd..
Threats-
 Fluctuating finances
 Increased rate of interest in the economy
 Rigorous competition (Verba, 2015)

Contd..
Pestle Analysis
Political
 Conducive political environment
 Tax policy and regulations
Economic
 Variating Interest and inflation rate
 Credit availability in different markets (Hargreaves and Fink, 2012)
 Fluctuation in the economic environment of different countries

Contd..
Social
 Attitude towards new company
 Buying habits among different markets
 Differentiation amidst social classes
Technological
 Changing rate of technological advancements
 Demand for innovations

Contd..
Legal
 Consumer protection laws
 Copyright and intellectual rights issues (Chemers,
2014)
 Follow up with different legal frameworks
Environmental
 Regulate environmental pollution
 Use of renewable energy

Contd..
Review leadership requirements
Swot analysis and Pestle analysis in Nexus states that the firm requires changing its
leadership style. This is because the current style i.e. is affecting growth and profitability
of the company. The current leadership style is not regulating enough (6 Leadership
Styles, And When You Should Use Them, 2012). The company needs to use a style
which will help improve smooth functionality of the organisation. It is evident from the
analysis that company is facing issues to connect with the customers. Nexus requires an
authoritative leader who can guide the employees so they could meet with the objectives
designed by the company.

3.2 Plan for future leadership requirement in Nexus
 Nexus is required to generate innovation and create new product
range. The new product has to comply with the needs and customer
demands.
 The changing attitudes among customers implies that the current
product is not attractive enough to engage customers. A new product
development will help the company to situate itself amidst its
competitors (Kapferer, 2012).
 This newly build product will be rich in design, features and will be
technologically advanced as compared to the other products of the
company.

Contd..
 In order to achieve this development in the organisation,
the firm requires changing its current leadership style to
authoritative. An authoritative leader makes sure that the
employees are motivated enough to achieve the goals and
objectives created by the organisation.
 Thus, in order to achieve the new product sales target
Nexus will have to make sure that employee understand its
vision and concept.
 They have to be synced with the objectives of the
company. This can only be achieved when the authoritative
leader inspires and builds mutual co-operation in the
organisation. The leader here will make sure to set targets
and procedures that will help to achieve the target to build
a new product for Nexus.

4.1 Plan the development of leadership skills
The leadership development technique that can be used in Nexus is
described below.
 Build options and alternatives – This development style
helps the leader to evaluate alternatives available for him
(Sweeney, 2013). The leader must understand the
capacities of the team members and identify for
contingency options. This is most applicable in situations
where set plan may fail to get desired attention.
 Recognize potential- The leader must use this technique
to identify the potentials and skills possessed by the
employees. This is because optimum output can not be
reached when the leader knows what employees can do
and cannot do.

Contd..
 Coaching- The leader must ensure to embrace coaching
among the employees. By giving advices, listening to
employees problems and making them understand their
responsibility, the leader will be able to coach them instead of
only authorizing (Avolio and Yammarino, 2013).
 Training and development- This is the most appreciated and
used technique by leaders, Specific training are provided by the
leader to enhance the skills of the employees. This developed
their professional attributes and makes them more confident.

Contd..
Middle and Senior leadership positions in
Nexus
 Middle leadership positions-
Operations Manager
 Senior leadership positions- Chief
Executive Officer (Cartwright and
Cooper,2012)
leadership development methods  Middle leadership positions-
Participative
 Senior leadership positions-
Authoritative

Contd..
Reasons
Reasons  Middle leadership positions- the
operational manager has to be
participative with his/her peers and
colleagues. His is to make ensure that
the employees working under him/her
are involved enough to achieve goals
and objective of the organization
(Simons, 2013).
 Senior leadership positions- he/she is he
senior most authority in the organisation.
Thus, CEO as a leader must use
authoritative leadership style. Where
he/she will make objectives and will
make sure that they are been fulfilled by
the subordinates.

4.2 Usefulness of methods used for Nexus
Usefulness of leadership developments methods is described below as followed.
Middle leadership positions-
 Encourage employees to be creative
 Help the staff to accept the policies and abide by them
 Builds morales of the individuals (Galliers and Leidner, 2014)
 Encourages employees to improve their productivity
 Helps in retaining individuals at workforce

Contd..
Senior leadership positions-
 Formulates policies and targets
 Educates subordinates
 Increases productivity of employees (Spillane, 2012)
 Provides alternative solutions to workforce problems
 Improves performance and generates profitability for the
organisation

CONCLUSION
From the above research it is clear that Nexus is
required to use authoritative leadership style.
Employees are required to compliance with the aim
created by the company. This can only be done
when the team leaders and managers will inspire
and enhance their skills. Thus, it can be concluded
that leaders play a vital role in shaping the workforce
and culture of the organization.

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